Tenant relations, maintenance, operational efficiency, rent collection, and property improvements.
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Foundation terms you need to know first (85 terms)
Base rent is the fixed, minimum rent amount paid by a tenant to a landlord for the use of a property, excluding additional charges like operating expenses, taxes, or utilities.
Activity ratios are financial metrics that measure how efficiently a company or investment property uses its assets to generate revenue. In real estate, they help investors assess operational efficiency and how quickly assets are converted into sales or cash.
Loss of income in real estate refers to a situation where an investor's expected rental revenue from a property is reduced or eliminated, often due to vacancies, tenant issues, or property damage.
Professional real estate photography involves hiring skilled photographers to capture high-quality images of a property, showcasing its best features to attract potential buyers or tenants and maximize its market appeal.
The Lease Commencement Date is the official date specified in a lease agreement when the tenant's rights and obligations, including rent payments and property responsibilities, legally begin.
Complex strategies and professional concepts (19 terms)
The Accounts Payable Turnover Ratio measures how quickly a company pays off its suppliers and short-term debts, indicating the efficiency of its working capital management and liquidity.
Income Statement Presentation for real estate investments involves the structured reporting of a property's revenues, operating expenses, and non-operating items over a specific period, providing a clear view of its financial performance and profitability.
Scaling a real estate portfolio involves the systematic and strategic expansion of property holdings, focusing on optimized operations, advanced financing, and strategic acquisitions to achieve exponential, sustainable growth and maximize long-term wealth.
A Digital Twin is a virtual, real-time replica of a physical real estate asset, continuously updated with data from sensors and other sources to enable advanced monitoring, analysis, and predictive modeling for optimized management and investment decisions.
Revenue Management in coworking spaces is a sophisticated strategy that applies dynamic pricing, demand forecasting, and inventory optimization techniques to maximize profitability and asset utilization within flexible workspace environments.
Cost to Cure is the estimated expense required to repair, replace, or restore a property to its intended condition, or to remedy identified defects, crucial for real estate investment analysis.
A covenant in real estate is a formal, legally binding promise or agreement between parties, often recorded with the property deed, that dictates how a property can or cannot be used, or obligates parties to specific actions.
The Covenant of Quiet Enjoyment is an implied right in a lease agreement assuring a tenant undisturbed use and possession of a property without interference from the landlord or their agents.
Covenants, Conditions, and Restrictions (CC&Rs) are legally binding rules governing property use and maintenance within a specific community, established by a developer or HOA to maintain standards and property values.
A Coworking Management Agreement is a contractual arrangement between a property owner and a flexible workspace operator, where the operator manages the coworking space in exchange for a fee, often a revenue share, without taking on a traditional lease.
The coworking occupancy rate measures the percentage of available workspace in a coworking facility that is actively utilized over a specific period, directly impacting revenue and operational efficiency.
Coworking operating expenses are the recurring costs associated with running and maintaining a shared office space, excluding debt service and capital expenditures, directly impacting its profitability and valuation.
A criminal background check is a tenant screening tool used by landlords to review an applicant's criminal history, including convictions and warrants, to assess potential risks to property and other tenants.
The Critical Path Method (CPM) is a project management technique used to identify the sequence of activities that determines the shortest possible duration to complete a project, essential for optimizing real estate development timelines and resource allocation.
A Cure or Quit Notice is a legal document issued by a landlord to a tenant, demanding that a specific lease violation be remedied within a set timeframe or the tenant must vacate the property. It is a prerequisite for eviction in many jurisdictions.
The Current Ratio is a liquidity metric that assesses a company's ability to meet its short-term obligations (due within one year) with its short-term assets, providing insight into its immediate financial health.
Deep Work refers to professional activities performed in a state of distraction-free concentration that push your cognitive capabilities, leading to new value creation and skill improvement for real estate investors.
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